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Cardano (ADA) Price Prediction & Analysis: History About to Repeat with Another May Rally?
As we enter the final stretch of Q2 2025, investors are eagerly waiting for a potential reversal in Cardano’s (ADA) price action. The recent consolidation period has been marked by bearish sentiment, but some experts believe that history may be about to repeat itself.
Santiment data reveals that total whale holdings have reached an impressive 3.27 billion ADA, suggesting large-scale accumulation ahead of anticipated market shifts. This accumulation often precedes significant price movements as these holders increase their positions in anticipation of forthcoming events.
From a technical standpoint, Cardano is struggling beneath the crucial psychological resistance level of $0.70. The Relative Strength Index (RSI) currently sits at 37.49, indicating oversold conditions that could potentially trigger a bounce. However, the Moving Average Convergence Divergence (MACD) displays a negative crossover at -0.0183, hinting at continued selling pressure in the short term.
This mixed technical picture highlights the significance of key support and resistance levels in determining ADA’s next move. Immediate support lies at $0.65, with stronger support near $0.58 if bearish momentum intensifies. On the other hand, Cardano faces resistance at $0.70, followed by a more substantial barrier around $0.75.
A critical pivot point has emerged at $0.68, which will play a crucial role in determining the short-term trend direction. Analyst Mosesifunanya advises caution, recommending bearish positions below $0.65 and only entering long positions after a confirmed break above $0.70.
For investors holding onto Cardano for the long haul, the current price levels might represent an accumulation opportunity. Ambitious targets like $10 may be reached, but experts warn that this journey would likely involve multiple corrections along the way.
On-chain activity has continued to demonstrate signs of health, with steady transaction volume and a rising number of transactions. This growing network utility has historically been a positive indicator for ADA’s long-term price performance.
As Cardano navigates its consolidation phase, the coming weeks will be crucial in determining whether historical patterns will indeed play out once more. With whales accumulating and technical indicators hinting at potential reversal, many investors are closely watching May 2025 with anticipation.
Source: https://www.coincentral.com/cardano-ada-price-prediction-analysis-history-about-to-repeat-with-another-may-rally/
Source: https://coincentral.com/cardano-ada-price-prediction-analysis-history-about-to-repeat-with-another-may-rally/
